As mentioned, CALfha is a great option, Many areas of Riverside County qualify for USDA financing, as well. As a HUD certified first time home buyer counselor, I can answer any questions you may have about possible financing. I applaud your efforts to provide stable housing and community for your family. Wish you the best!
There are basically two things you should do:
1. Find a real estate agent who you feel you can trust and who knows the local area. The agent can put you in contact with some trusted loan officers and can help explain to you the process of buying a home.
2. Talk to a loan officer. A real estate agent can recommend you one or you can often just go to your bank. The loan officer can look at your finances with you and come up with a gameplan. He/She can help you figure out the right financing plan for you.
Your loan officer and your real estate agent can help you through this entire process. Ask them as many questions as you can think of, and you will start to understand the general process of purchasing a home with financing.
Laguna Beach Realtor
Check out my website http://www.McAllisterHomes.com. On the home page, we have a great YouTube video that answers this question perfectly. It is also on My Trulia blog. I would be happy to assist you directly as well. Feel free to give me a call anytime!
Real Estate Broker/ Realtor®
McAllister Homes Real Estate
Residential Sales & Property Management
I would suggest you find a Realtor first...since you don't seem to have a lender referrence. Find an agent you like and trust and then talk to the lender they recommend. There are programs which may be able to help and some communities have programs for down payment assistance too.
I could get you a referral for a lender I've known and worked with for 20 years. If you like...shoot me an email and I'll get you her contact information.
If youâ€™re FICO (credit score) is 640 or better my company has a 100% finance program and we can help you get qualified. Please call at (714) 328-5683
Best regards, LÃ¡zaro M Madrid
"THE MADRID TEAM"
9917 Walker Street
Cypress, CA 90630
Serving all your Real Estate needs in The Greater Anaheim Area,
Long Beach, Huntington Beach, Fountain Valley, Costa Mesa
North Orange County, South Orange County, an Bernardino,
Riverside, Los Angeles Counties.
SFR, Condos, Lofts, Town homes, Business and Commercial Properties.
R.E.O., Short Sale and Foreclosure expert
Lazaro cell: (714) 328-5683 (Tambien hablo espaÃ±ol)
Office Direct: (714) 229-5961
Office: (714) 527-9011 Ext 229
Fax: (714) 527-7560
Department of Real Estate License #01378799
Best of luck to you.
REMAX Home Sales Pro
There are some options for you, but without knowing your entire picture it would be difficult to advise you. However, you can check out http://www.lowdownfha.com to get the lowest FHA loan in the industry. You can then log into my website at http://www.joehoms.listingbook.com and search for properties like a "real estate agent." Let me know if you need anything else.
Joe Homs, Realtor
Short Sale Specialist
Below is an email we sent to various clients we are working with:
Notice to first time home Buyers serving the following states: Florida, Alabama, Texas, California, Arizona, New Mexico, and Colorado. BBVA-Compass has a new program available in these states.
DO NOT GO FHA or PLACE 10% DOWN !
Here are the highlights of this unmatched program that our agents have had success with closing deals and saving our clients a lot of money.
1. NO Mortgage Insurance
2. Only 5% down
3. 30 year fixed rate (5.00% estimated)
4. NO payment until the 6th month after closing. (Bank is taking the hit, and I confirmed this with a recent closing escrow doc)
5. NO origination fee, NO points, and NO junk fees !
6. single family home or townhome eligible
7. 680 credit score
** FHA or FNMA nor HPath can not touch this program. It is truly remarkable, and is certainly a way this bank (BBVA-Compass) has demonstrated giving back to the communities it serves.
The Sr. Mortgage Banker that my staff in these area's is using is Tom R. Callahan and you may reach him at E-mail firstname.lastname@example.org
Take full advantage of this program and save yourself a lot of money by not having the new FHA 1.00 MIP + .90% / monthly which is totally ridiculous! Yes, FHA has nearly doubled the monthly premium amount.
Good luck selling and shopping for the right home. TJ, PhD / Attorney